BIGGEST JOB ISSUES

You’ll need to rethink your career plans for the next 3 years. ?There are big issues that will help or prevent you from achieving your next career step?? Here are a few trends that are expected to impact jobs in the next few years:

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·?????? Job dislocation due to automation and AI - Companies are finding advancement in technology that will replace or minimize human intervention.? Projections are that 92 million jobs will be displaced globally by 2030.? This trend is particularly evident in job sectors like finance, the lower end of technology, data analysis, research and customer service. ?Manage these changes through retraining and upskilling.

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·?????? Mismatch of skills - A job you aspire to in the future may not align with the skills you have today.? Your ability to transition will require a match of your new skills to the requirements of the upgraded job.? Fast paced jobs like cybersecurity, software development and data analysis will cause a mismatch unless you prepare for the change.? Unless a large segment of the currently employed population makes the transition successfully, there will be either unemployment or a downgrade to a lesser role.

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·?????? A cost-of-living crunch and economic uncertainty – Consider the implications if you experience a decline in compensation.? The rising cost of living, along with a potential decline in compensation will add to a financial stress for many workers.? The competition for jobs of those who have not prepared will be formidable.? Low to lower-middle-income workers and smaller countries will experience a financial compression.

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·?????? Geopolitical tensions – The greater the disparity between the skilled and unskilled will cause both labor disputes within the United States and nation-to-nation clashes globally.? Within America, business will move away from some regions and shift operations to other regions that have the talent and infrastructure to advance their competitive advantage.? This shift will affect investment decisions and economic growth for different regions.

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·?????? Altering worker expectations – Those employees with the right skills and experiences can expect the quality of the workplace to be positive: Work-life balance, training support, flexible working arrangements, meaningful work experiences and compensation packages to entice and retain a productive workforce.? Companies that don’t accommodate their workforce will not remain competitive.? Employees that don’t have the right skills and experiences will be left behind.

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In summary, every employee must plan how to learn and apply new skills to meet the demands of a different workforce than today.? If not, the issues will be job displacement, skills mismatch, economic uncertainty, geopolitical tensions and changing expectations.

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